attAT&T names new CEO as Trump gloats over changes at CNN owner

AT&T names new CEO as Trump gloats over changes at CNN owner

By Sheila Dang

Reuters
AT&T names new CEO as Trump gloats over changes at CNN owner
John Stankey, CEO of WarnerMedia poses as he arrives at the WarnerMedia Upfront event in New York

By Sheila Dang

(Reuters) – Veteran John Stankey will take over as AT&T <T.N> chief executive officer, the company said on Friday, as the U.S. telecommunications and media giant grapples with the impact of the coronavirus outbreak and its late entrance into the global streaming wars.

Stankey will take over on July 1 from Randall Stephenson, who said on Friday he will retire from the CEO position but will serve as executive chairman of the board until January 2021.

The announcement, made during AT&T’s virtual annual shareholder meeting, drew a sharp response from U.S. President Donald Trump, who tweeted it was “great news” that Stephenson was leaving.


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